Chapter 10x Research Names Timeline for End of Bitcoin's Bearish Trend

cryptonews.ruPublished on 2026-08-04Last updated on 2026-08-04

Abstract

Bitcoin concluded July with a price below $63,000, falling 3.2% over the past week. According to the head of 10x Research, this indicates it's too early to declare the end of the bearish trend. Analysts point to several economic risks. A continued rise in the yield of US 10-year Treasury bonds could force the Federal Reserve to resume raising interest rates as early as September, which would negatively impact risk assets like cryptocurrencies. Another significant threat is increased selling pressure from miners. Mining companies that have pivoted to servicing artificial intelligence control approximately 100,000 BTC, and large investors holding substantial reserves of the cryptocurrency could also increase market supply. For Bitcoin to return to sustainable growth, a favorable macroeconomic environment is needed, along with the price firmly consolidating above the $60,000 level. Separately, the head of Grayscale Investments' research unit has previously outlined potential factors that could lead Bitcoin out of its prolonged bear market.

Bitcoin closed July with a price below $63,000, and over the past week, the asset has depreciated by 3.2% — meaning, according to the head of 10x Research, it's still too early to talk about a definitive reversal.

Tielen listed economic risks for Bitcoin. According to the businessman, further increases in the yield of U.S. 10-year Treasury bonds could force the Federal Reserve to return to raising loan interest rates as early as September. A prolonged period of high rates could negatively impact risk assets, including digital currencies.

Another threat Tielen named was increased selling of the asset by miners. In his estimation, mining companies that have pivoted to serving artificial intelligence control about 100,000 BTC. Large investors holding significant reserves of the first cryptocurrency could also create additional supply on the market.

For Bitcoin to return to sustainable growth, not only a favorable economic situation is needed but also a firm consolidation of the price above the $60,000 mark, concluded the founder of 10x Research.

Earlier, the head of the research division at Grayscale Investments, Zach Pandl, listed factors that, in his estimation, could lead Bitcoin out of the prolonged bear market.

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Related Questions

QAccording to the head of 10x Research, when might Bitcoin's bearish trend potentially end?

AThe head of 10x Research suggests that it is too early to speak of a final reversal, implying that the bearish trend has not yet ended. The article indicates that for Bitcoin to return to sustainable growth, it needs a favorable economic situation and a solid consolidation above $60,000.

QWhat economic risk did the head of 10x Research highlight that could negatively impact Bitcoin?

AHe highlighted the risk of further increases in the yield of US 10-year Treasury bonds, which could force the Federal Reserve to resume raising interest rates as early as September. A prolonged period of high interest rates could negatively affect risk assets, including cryptocurrencies.

QWhat supply-side threat did the head of 10x Research identify, involving Bitcoin miners?

AHe identified the threat of increased selling pressure from miners. Specifically, mining companies that have pivoted to serving the artificial intelligence sector control an estimated 100,000 BTC, which they may sell.

QWhat two conditions are necessary for Bitcoin to return to sustainable growth according to the article?

AAccording to the article, for Bitcoin to return to sustainable growth, it requires both a favorable economic situation and a solid consolidation of its price above the $60,000 mark.

QWho else, mentioned in the article, discussed factors that could lead Bitcoin out of its prolonged bear market?

AZach Pandl, the head of the research unit at Grayscale Investments, discussed factors that could, in his assessment, lead Bitcoin out of its prolonged bear market.

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